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Abstract: I have written this book because it seems to me that there is a need for a comprehensive explanation of the licensing process in which acreage for petroleum exploration and production is awarded. By licensing of course I mean... " the definition and award of a suitable area of petroleum prospective acreage, that is, the Licence Area (Contract Area, Lease, Permit, Block etc.,) by the Licensor to carefully select Licensee(s) under suitable technical, legal/contractual and fiscal terms and conditions and consistent with its geopolitical situation". We can see the given definition the practice of petroleum licensing embraces a wide variety of disciplines and skills in its implementation.
B & R Co. Petroleum Contultants, January, 2004.
CEPMLP Reference Resource Collection
Location Ref: REF/38